Wall St Engine(@wallstengine):21 major financial firms are teaming up to launch a dollar-denominated stablecoin venture in H1 2027, initially targeting commercial clients and cross-border payments. The 21 firms: • Bank of America • Capital One • Citigroup • Fidelity Investments • Goldman Sachs • PNC Financial Services • Scotiabank • TD Bank Group • Wells Fargo • WisdomTree • Banco Santander • BBVA • Commerzbank • Crédit Agricole • Deutsche Bank • Lloyds Banking Group • Rabobank • UBS • MUFG Bank • Sirius International Holding • Standard Bank The group plans to establish a separate company to operate the venture, starting with a U.S. dollar stablecoin before potentially expanding into other G7 currencies. JPMorgan $JPM is not part of the consortium and has separately explored launching its own stablecoin.

2026.09.01 15:33

21 major financial firms are teaming up to launch a dollar-denominated stablecoin venture in H1 2027, initially targeting commercial clients and cross-border payments. The 21 firms: • Bank of America • Capital One • Citigroup • Fidelity Investments • Goldman Sachs • PNC Financial Services • Scotiabank • TD Bank Group • Wells Fargo • WisdomTree • Banco Santander • BBVA • Commerzbank • Crédit Agricole • Deutsche Bank • Lloyds Banking Group • Rabobank • UBS • MUFG Bank • Sirius International Holding • Standard Bank The group plans to establish a separate company to operate the venture, starting with a U.S. dollar stablecoin before potentially expanding into other G7 currencies. JPMorgan $JPM is not part of the consortium and has separately explored launching its own stablecoin.